Is Benson, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Benson has remained a Seller's Market.
Key Takeaway
Benson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Benson, NC
How much do homes in Benson, NC cost?
Median Sold Price
$350,000
$182/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Key Takeaway
The sold price of homes in Benson has remained the same since last year.
Summary: The median home sold price in Benson was $350,000 in April 2024, the same as last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $180K | N/A |
| 2 Bedrooms | $187K | $176.5K | -5.6% |
| 3 Bedrooms | $339.9K | $339.9K | 0.0% |
| 4 Bedrooms | $392.8K | $422.5K | +7.6% |
| 5+ Bedrooms | $392.6K | $457.4K | +16.5% |
Summary: Benson housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.6%, 3 bedroom homes did not change, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 16.5%.
Median Sold Price Compared To Nearby Cities
| Grove Township | $260K | $265K | +1.9% |
| Benson | $350K | $350K | 0.0% |
| Banner Township | $337.2K | $329.9K | -2.2% |
Housing Supply in Benson, NC
How many homes are available in Benson, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 121 | 106 | -12.4% |
Summary: The Benson real estate market had 106 homes for sale in April 2024, a 12.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 84 | 79 | -6.0% |
| 4 Bedrooms | 32 | 22 | -31.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Benson housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 34 | +78.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Benson, expect to pay close to the asking price. 52.9% of homes here sold near the asking price last month.
Summary: A total of 34 homes were sold or pending in Benson in April 2024, up by 78.9% month-over-month. Of the 34 sold homes, 32% were sold under asking, 53% were sold at asking, and 15% were sold over asking.
Days on Market for Benson, NC
How long does it take to sell a home in Benson, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 105 Days | 76 Days | -27.1% |
Summary: Homes in Benson had an average of 76 days on market in Apr 2024, down by 27.1% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Benson are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 34 homes were sold in Benson; 47% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
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